Do I Need to File a Tax Return?

There’s so many people asking if they need to report their online income on their income taxes that I thought linking to this IRS app that will help you determine if you need to file (or if you should because of a benefit to you even though you don’t have to) might be useful.

This should still give you a good idea if you need to file–click the Begin link below the paragraph of text:

Do I Need to File a Tax Return?

There are other questionnaires like this on the IRS site too (page down below the intro text for links):

Interactive Tax Assistant (ITA)

If you need to file, you’ll need to report all your income. The following posts should be helpful to you:

Getting Ready to File Your Income Taxes?
and
Help for Filing your Federal Income Taxes for Your Small Business

Sales Tax & Business Registration Updates

I’ve been working on the sales tax & business registration page and we’re now linking to official websites of 32 states! See them by clicking below or clicking the link in the right sidebar:

US: Sales Tax & Business Registration
Links to Official Government Websites

Some of the new states include:

Alaska
Idaho
Maryland
North Dakota
Missouri

If you don’t see what you need please leave a comment and I’ll see if I can find the info for you and add it to the page.

Getting Ready to File Your Income Taxes?


Visit our Etsy shop: GoTo
Go To Great Panes, Kathryn Maloney ©2011
This post is copyrighted–you do not have permission to repost this content elsewhere but you are welcome to link to it if you’d like to share the information.

It’s that time of year! Lots of folks looking for info on getting their records ready for income taxes–the links below should help. (Links open in a new window.)

Help for downloading your Etsy & Paypal records:

Etsy: Download your Sales and Billing Data to a Spreadsheet

Download Your Paypal History

You’ll need a program with a spreadsheet to open csv files. If you don’t already have one this is great free software which has a spreadsheet available:

Open Office

You might also find the IRS publications listed here helpful for figuring out what goes where on your income taxes:

Help for Filing Federal Income Taxes for Your Small Business

And if you haven’t registered with your state yet (or on a more local level like city or county), you might want to check into the requirements for people selling from your area–the laws are different everywhere.

What you consider your hobby might be considered a business by the government, and their opinion is the one that counts… 🙂

US Sellers: Sales Tax & Business Registration

Go To Great Panes, Kathryn Maloney ©2011
This post is copyrighted–you do not have permission to repost this content elsewhere but you are welcome to link to it if you’d like to share the information.

Go To Supplies
Visit our 2nd Etsy shop: GoToSupplies